NFT Sales Plunge +20% To $102M This Last Week Of May 2025
The non-fungible token market continues evolving beyond initial hype and is now moving from speculative collectibles to utility-driven assets embedded across industries. However, the market for NFT collections has not fully moved out of the bearish phase. In yet another week, the global NFT market has recorded a trading sales volume of $102 million, down 20% from the previous week. In this article, we shall explore what collectors and traders should expect in the market in the coming weeks. NFT Sales Plunge +20% This Week Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token collection explorer, shows that the global non-fungible token market has slightly plunged in trading sales volume this last week of May. From May 26 to June 01, the global non-fungible token market has recorded a trading sales volume of $102 million, down 20% from the past week. Despite the recent plunge, the number of traders buying the non-fungible ...